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20130126
20130203
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CNBC
Jan 30, 2013 3:00pm EST
to do with the gdp number? the gdp number was caused by the government spending, specifically defense spending. >> which was deficit spending, printing press! >> steve, you're absolutely wrong there. >> what does it have to do with the printing presses? >> what i'm saying part of it, you can't blame it all on government spending. >> yes, i can, as a matter of fact. i can blame it on inventory from government spending. >> hold on. >> would you be willing to admit that the foundation of the economic recovery thus far has been housing and that the fed by its policies of late have at least somewhat helped the recovery in housing which has helped the overall economy which has helped the stock market go up. >> what recovery? we're at a negative gdp. >> it hasn't helped housing but it's about to. >> a recovery in housing. let's at least establish that. >> you're saying leading the economy is housing. housing is doing better, but the economy is -- we have a negative print on the numbers. >> that's the best strategy. don't look at the details. only look at the top line and take it at face valu
CNBC
Jan 28, 2013 3:00pm EST
and industrials. these are cyclical names. health care. health care's a defensive name. so you got people who are buying into the -- >> it's a political name now. >> -- and hiding out in a deferencive name. to me there's a lot of room for rotating. deferencive health ca-- >> how much does the data matter? we're going to get a jobs report on friday. how closely are the markets going to be watching that? because the fed factors into that too. >> just like the durable goods number this morning, that will be further confirmation of an improving u.s. economy and will add fuel to the fire. the economic numbers matter tremendously. the global growth story is what the story is. >> sure. but the point is if the data's bad it means the fed's going to stick around longer. >> i think they have more downside risk at this point. >> tails you win, heads you win too. i don't subscribe to that by the way. >> if there's a really positive move in the data, i would be impressed. i think we have more down risk with that. flat or lower expectations. and that would be a problem. at the end of the day --
CNBC
Feb 1, 2013 3:00pm EST
is the industrial expansion. this last quarter was low, but mine us 0.1% because of defense reduction. other parts of the economy are doing well, especially the consumer. >> let's talk about what took us here. bank of america doing very well, verizon, at&t. you had the financials and the telecom stocks as the leadership groups. merck was down 2%. exxon down. three dow stocks were actually down. what happened there and what are you seeing at the end of the kay? >> finally seeing the laggards catching up and telecoms have done okay during this period, but i think what uruguay seeing is the overall economic data with the exception of the weaker gkp number. all the other data was very strong and all the companies are pulling up with that. >> and then with that, swing it around, what happened there. dts. what happened to that today? so hyped, right, warren? >> we're right at the 14,000 line right now. the dow jones industrial average has just dipped below 14,000, so remains to be seen. we have two minutes to go here to find out if we'll close above it. if you don't have leadership or you d
FOX Business
Jan 31, 2013 3:00pm EST
when it comes leadership. cheryl: or turkoman is your defense with raytheon and boeing. you are not staying away from the fire. >> this is my attitude. if you want to be a little more conservative and not buy stocks that have run but get some exposure, the defense space is cheap. most has reasonable cash flow but the fundamentals ira lot of head wind. that is why stocks are where they are and boeing has other issues. liz: one sector to avoid? >> i would be nervous about utilities that lags last year and bond like and if you think interest rates creep higher as i do, utilities lagging again. liz: it is great to see you and you are looking well. mr bob dole who i have known for a long time. had been new year to you. chief equity strategist, senior portfolio manager. see you next time. closing bell ringing in 49 minutes. dominion resources no longer, and i never thought they were a play, when they were in coal, nuclear, hydro, can't even imagine what they are doing, massive power providing, policeing -- da vinci executive thomas farrell telling us what is really happening here. why are
CNBC
Jan 30, 2013 4:00pm EST
defense cuts coming. we know that the fourth quarter was weak because everybody was in lockdown moved. do you want to lighten up on stocks, or not? >> may have a few little bumps in the road. frankically i welcome government spending cuts. i think that would be very positive long term. when you look at way from the government and look at what companies are doing, company results. global competitiveness, hard to get discouraged especially when they are cash flow yields. the opposite of the pes are really better than what you would get in the bond market with the 7% earnings yield. you don't have to think long to know that that's the place to real put your money. >> rick santelli, how do you think this plays out? >> i think belt-tightening is good. we can't artificially try to get rid of all of the hiccups. the recessions and the turndowns. i think we need to let the capital get reallocated by the private sector, and i do think the tax increase -- you know, think back to candidate romney. he said if you let these taxes go up you'll lose hundreds of thousands of jobs. i think in hindsigh
CNBC
Jan 31, 2013 4:00pm EST
defense. >> well, it was government also. >> government, right, defense. if you look at business investment and construction and consumer expenditures it was actually quite positive. now, it's going to be very difficult to trade these markets on one job report. for the last couple of years we've heard every reason why investors should not be in these markets, whether it was the election, the fiscal cliff, et cetera. at the end of the day companies continue to be in reasonably good shape. earnings continue to be okay. stocks remain reasonably priced. stocks are very cheap to bonds, and this is the beginning of a long great rotation out of bonds and into equities. >> not a lot of alternatives by the way. >> not a lot of alternatives. >> you don't think that the markets are going to be as kind to a second straight report indicating weakness in the economy. >> yeah, maria. certainly if the jobs report comes in a little bit lower than consensus expectations on the back of prion's expectation and negative gdp report, a could actually put a fair amount of volatility back in the markets.
CNBC
Jan 28, 2013 4:00pm EST
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FOX Business
Jan 30, 2013 3:00pm EST
slows down a little bit peter. peter: that's right. a big chunk of that was defense spending and the questions about the fiscal cliff and all these other things that combine to inventory. listen, but the inventory number in the gdp report, there was a shrinkage there that was unexpected. that means that eventually everybody has to increase their inventories; right? so that's good going forward. that means economic activity going forward. liz: silver lining here. listen, i don't have to search hard for it. i don't think it was that bad. it stuns people to see the minus sign and the.1. when you do see the government spending down, defense down 22%. consumer looked better, the best since we have seen i guess since q1 of 2012. thanks peter very much. let's get to the floor show and get the real reaction from the traders themselves. new york stock exchange, cme group and the nymex. let's go to john brady at the cme. what reaction did you immediately see? give us the inside scoop, that prism through which you are looking where you said wait a minute this particular reaction is interesting
CNBC
Feb 1, 2013 4:00pm EST
. managers have had a lot of defense in the portfolios and a lot of cash, and they don't want to miss it and fall behind early in the-year. there's chasing, and we don't want to get carried away with that. >> you like the u.s. still. said we'd hit new highs. do i want to be exposed around the world, talking about the hot sprts, the brics, emerging markets, where do we stand? >> long-term answer, lock up money for five years, go the places they are going to grow, u.s. and the emerging markets. japan a europe is getting a bit of a rally because they are doing things cyclically and japan is trying as well, but not with my clients' money. i want to stick with a cyclical storey. >> sell more than an idea if you want me to put money in europe. things are troubled there, no in. >> totally agree. i want to be underweight. somebody else's money is going there. i think ecb will lower rates some more, and i think the financial stresses will ease, but europe is in a recession. hopefully they come out of that by the end of this year. >> good stuff. bob, always nice to have you on the program. bob dahl jo
Search Results 0 to 8 of about 9